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1104.HKHKSE
Financial ServicesFinancial - Capital Markets
HK$1.87
HK$0.06(3.03%)
Hong Kong Market opens in 13h 55m
Sony Faces PlayStation Blackout as Gamers Protest Disc Phase-Out by 2028
📅 in about 4 hours

Sony Faces PlayStation Blackout as Gamers Protest Disc Phase-Out by 2028

PlayStation gamers boycott Sony through August 30 over plans to end physical disc production in 2028. Sony’s licensing emails spark debate on digital ownership rights.

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Shein Targets $27B (£20B) Valuation in Long-Awaited Hong Kong IPO, Raising to $1.8B
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Shein Targets $27B (£20B) Valuation in Long-Awaited Hong Kong IPO, Raising to $1.8B

Shein launched its Hong Kong IPO on Monday, August 24, 2026, targeting a valuation of up to 27billion.Thefast-fashionretaileraimstoraiseasmuchasHK13.86 billion, or 1.77billion.ShareswillpricebetweenHK47.60 and HK$49.50 apiece.  IPO Structure and Timeline Shein is selling 280 million Class B shares in the offering. The company will confirm its final IPO price on August 31, 2026. Trading on the Hong…

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Hanmi Pharm (KRX: 128940) Hits 30% Daily Limit on $2.3B Obesity Drug Licensing Deal with Genentech  
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Hanmi Pharm (KRX: 128940) Hits 30% Daily Limit on $2.3B Obesity Drug Licensing Deal with Genentech  

Hanmi Pharm shares surged 30% on August 24, 2026, hitting the daily price limit after the South Korean drugmaker announced a licensing deal with Genentech worth up to $2.3 billion. The agreement covers HM17321, an experimental obesity treatment designed to reduce body fat while preserving muscle mass. Hanmi will receive $190 million upfront, while Genentech…

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Singapore Plans Massive Western Island Merger by 2050s for Industry and Power
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Singapore Plans Massive Western Island Merger by 2050s for Industry and Power

Singapore plans to merge western islands including Semakau, Bukom, and Sudong into one larger island for advanced manufacturing, power infrastructure, and defence. PM Wong announced the long-term project at NDR 2026 on August 23.

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Vishal Mega Mart (NSE: VMM) Jumps 11% to ₹115 on CEO Gunender Kapur’s 5-Year Term Renewal
📅 in about 3 hours

Vishal Mega Mart (NSE: VMM) Jumps 11% to ₹115 on CEO Gunender Kapur’s 5-Year Term Renewal

Vishal Mega Mart shares jumped around 10% on August 24, 2026, after the retailer announced the reappointment of Gunender Kapur as Managing Director and CEO for another five years. His new term will run from September 1, 2026, to August 31, 2031. Investors responded positively to the longer leadership tenure. With Vishal Mega Mart also…

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Bitcoin Price Jumps Over 24% in a Week, Breaks $78,000 Amid $2.7 Billion Liquidations
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Bitcoin Price Jumps Over 24% in a Week, Breaks $78,000 Amid $2.7 Billion Liquidations

Bitcoin surged more than 24% in the week ending August 24, 2026, pushing above $78,000 as bullish momentum returned to the crypto market. The sharp move also triggered around $2.7 billion in short liquidations, adding further buying pressure. With Bitcoin now nearing the $80,000 level, investors are watching whether fresh demand can keep the rally…

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Oil Price Falls as Markets Brace for Trump’s Plan to Isolate Iran’s Economy
📅 in 23 minutes

Oil Price Falls as Markets Brace for Trump’s Plan to Isolate Iran’s Economy

Oil prices fell on August 24, 2026, as traders booked profits ahead of new US sanctions targeting Iran. Brent crude slipped to around $93.17 a barrel, while WTI fell to $85.86. Both benchmarks had gained more than 5% last week as US-Iran talks stalled and supply risks grew. Markets are now watching Trump’s Iran strategy…

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JBM Auto Shares Rally 10%, Gain 16% in 6 Months; What Is Driving the Surge?
📅 in 12 minutes

JBM Auto Shares Rally 10%, Gain 16% in 6 Months; What Is Driving the Surge?

JBM Auto shares surged 10% to touch an intraday high of ₹685 on Friday, August 21, 2026. Reports suggested Bain Capital is exploring a $300 million minority stake in JBM Auto’s electric vehicle business. The stock has now climbed 16% over the past six months and 5% since the start of 2026. Heavy trading volume,…

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NVDA in Focus as Nvidia Reportedly Eyes Investment in Perplexity at $30 Billion+ Valuation
📅 11 minutes ago

NVDA in Focus as Nvidia Reportedly Eyes Investment in Perplexity at $30 Billion+ Valuation

Nvidia is reportedly in talks to invest in AI search startup Perplexity in a funding round that could value the company above $30 billion, according to a report published August 24, 2026. Perplexity’s annualised revenue has climbed past $750 million, up from less than $250 million earlier this year. The timing also puts NVDA stock…

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